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ots Ad hoc-Service: ERGO Vers.gruppe AG <DE0008418526> Munich Re announces offer to exchange ERGO shares for Munich Re shares - exclusive cooperation of ERGO and HypoVereinsbank intended

Düsseldorf (ots Ad hoc-Service) -

Ad hoc-announcement. The sender is solely
responsible for the contents of this announcement.
Munich Reinsurance Company,
majority shareholder of ERGO with 62.9%, has announced that it will
offer the minority shareholders of ERGO Versicherungsgruppe AG to
exchange their ERGO shares for Munich Re shares. For two ERGO shares,
Munich Re will offer one of its own shares plus an additional cash
payment of 18 euros. ERGO's Board of Management views the offer as
being fair and attractive; it welcomes the intended raise in the
participation. This increase is part of a concept which gives the
opportunity of a Germany-wide exclusive cooperation between ERGO and
Bayerische Hypo- und Vereinsbank and creates very good additional
development perspectives for ERGO not only in Germany but abroad as
well.
Munich Re wants to increase its participating interest in ERGO
Insurance Group from currently 62.9% up to 95%; this will take place
through a tender offer to the minority shareholders of ERGO. In
addition, HypoVereinsbank is to raise its stake in ERGO to 5%.
ERGO Versicherungsgruppe AG Board of Management
WKN: 841852; Index: MDAX Listed: Amtlicher Handel in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München
und Stuttgart
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